580 Indiana AveAuroraIN47001
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Aurora at 580 Indiana Ave, Aurora, IN, 47001 offers $1,346/mo rent that, after a $1,223/mo payment. Total monthly income is $1,346/mo. Return on cash invested measures 17.68% in year one, and rental yield stands at 6.46% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 90.7% and total cumulative return in cash reaches $75,134. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,346/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,472 (100%) |
| Owner Occupied HU | 3,240 (72.5%) |
| Renter Occupied HU | 844 (18.9%) |
| Vacant Housing Units | 388 ( 8.7%) |
| Median Home Value | $213,898 |
| Average Home Value | $248,906 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
4,282
Multi-Family
69
Businesses
296
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